Aperio Group LLC Cuts Stake in Reinsurance Group of America, Incorporated (RGA)

Aperio Group LLC lowered its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 1.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 143,040 shares of the insurance provider’s stock after selling 2,620 shares during the quarter. Aperio Group LLC owned 0.22% of Reinsurance Group of America, worth $19,958,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Capstone Asset Management Co. lifted its position in shares of Reinsurance Group of America, by 2.0% in the 2nd quarter. Capstone Asset Management Co. now owns 8,186 shares of the insurance provider’s stock worth $1,051,000 after acquiring an additional 160 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Reinsurance Group of America, by 2.1% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 203,494 shares of the insurance provider’s stock worth $26,127,000 after acquiring an additional 4,100 shares during the period. Marshall Wace North America L.P. bought a new stake in shares of Reinsurance Group of America, in the 2nd quarter worth approximately $3,080,000. Airain ltd acquired a new position in shares of Reinsurance Group of America, in the 2nd quarter worth approximately $1,740,000. Finally, Canada Pension Plan Investment Board raised its holdings in shares of Reinsurance Group of America, by 14.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 10,200 shares of the insurance provider’s stock worth $1,310,000 after buying an additional 1,300 shares in the last quarter. Institutional investors own 91.12% of the company’s stock.

Reinsurance Group of America, Incorporated (RGA) traded up $0.63 during midday trading on Tuesday, hitting $150.25. The stock had a trading volume of 633,000 shares, compared to its average volume of 312,067. The firm has a market cap of $9,640.00, a PE ratio of 13.75, a P/E/G ratio of 1.50 and a beta of 0.80. Reinsurance Group of America, Incorporated has a one year low of $116.57 and a one year high of $152.19. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.11 and a quick ratio of 0.11.

Reinsurance Group of America, (NYSE:RGA) last released its earnings results on Thursday, October 26th. The insurance provider reported $3.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.62 by $0.82. The company had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.08 billion. Reinsurance Group of America, had a return on equity of 9.32% and a net margin of 6.44%. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period last year, the firm earned $2.46 EPS. equities research analysts forecast that Reinsurance Group of America, Incorporated will post 11.07 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 28th. Stockholders of record on Tuesday, November 7th will be given a $0.50 dividend. The ex-dividend date of this dividend is Monday, November 6th. This represents a $2.00 annualized dividend and a dividend yield of 1.33%. Reinsurance Group of America,’s dividend payout ratio is currently 16.47%.

In other news, EVP John P. Laughlin, Jr. sold 1,000 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $149.96, for a total value of $149,960.00. Following the transaction, the executive vice president now directly owns 27,277 shares in the company, valued at approximately $4,090,458.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christine Rose Detrick sold 659 shares of Reinsurance Group of America, stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $149.50, for a total value of $98,520.50. Following the transaction, the director now owns 4,023 shares in the company, valued at $601,438.50. The disclosure for this sale can be found here. 1.76% of the stock is owned by company insiders.

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A number of equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $148.00 target price on shares of Reinsurance Group of America, in a report on Friday. Royal Bank Of Canada increased their target price on Reinsurance Group of America, and gave the stock a “market perform” rating in a report on Monday, October 30th. Wells Fargo & Company reissued a “hold” rating and issued a $131.00 target price on shares of Reinsurance Group of America, in a report on Thursday, October 26th. Goldman Sachs Group, Inc. (The) initiated coverage on Reinsurance Group of America, in a report on Wednesday, October 18th. They issued a “buy” rating and a $153.00 target price for the company. Finally, Zacks Investment Research raised Reinsurance Group of America, from a “hold” rating to a “buy” rating and set a $157.00 price target for the company in a report on Tuesday, August 1st. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $135.25.

Reinsurance Group of America, Company Profile

Reinsurance Group of America, Incorporated (RGA) is an insurance holding company. The Company provides traditional life and health reinsurance and financial solutions with operations in the United States, Latin America, Canada, Europe, Africa, Asia and Australia. It has geographic-based and business-based operational segments, including U.S.

Institutional Ownership by Quarter for Reinsurance Group of America, (NYSE:RGA)

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